Retail Bonds

On 13 May 2022 Channel Infrastructure’s offer of 5-year unsecured, unsubordinated, fixed rate bonds closed.

Channel Infrastructure confirmed that $100 million of bonds have been allocated to participants (and their clients) in the bookbuild process under the offer.

The Bonds will be issued on 20 May 2022. The Bonds are expected to be quoted on the NZX Debt Market under the ticker code CHI020.

Interest Rate

Maturing on 20 May 2027

Subordinated Notes

In December 2018 the Company issued $75 million of unsecured and subordinated notes with a maturity date March 2034.

The subordinated notes pay a fixed rate of 5.1% until the first election date being 1 March 2024. On the election date, the Company has the right to either redeem the subordinated notes, or to run an election process and offer new conditions.

Interest Rate

Paid until 1 March 2034, unless redeemed earlier.